tagresults
Incofin invests EUR 2 million in PEBCo-Bethesda to bolster sustainable agriculture and climate resilience
The funding comes from the Agricultural Liquidity Fund (ALF) and is a testament to Incofin’s dedication to advancing sustainable agriculture and climate resilience through financial inclusion.
CFAO Technology & Energy devient CFAO Infrastructure
Le groupe CFAO, dans sa mission With Africa For Africa, poursuit son ambition de devenir un partenaire incontournable en Afrique pour des prestations d’énergies renouvelables.
COFINA signent un accord de 26 millions d’euros pour renforcer le développement de chaînes de valeur agricoles
La Banque européenne d’investissement (BEI) et le Groupe COFINA signent un accord de 26 millions d’euros pour renforcer le développement d’une agriculture durable en Côte d’Ivoire et au Sénégal.
More funds from financial institutions to protect and restore nature in landmark statement
Some of Africa’s largest financial institutions are backing a call to conserve and restore nature amid a biodiversity crisis that threatens the wellbeing and livelihoods of tens of millions of its people.
FSD Africa investments commits US$19.5 Million to boost climate resilience in Africa
Investments in Acre Impact Capital’s Export Finance Fund, Catalyst Fund and Camco’s Spark Energy Services will help bridge financing gap for green projects,
15 millions d'euros dans le fonds Joliba Fund I pour stimuler la croissance des PME en Afrique
IFC investit dans un fonds en Côte d’Ivoire pour stimuler la croissance des PME en Afrique de l’Ouest et en Afrique centrale.
Rawbank accompagne le développement du marché du carbone
Le financement du marché du carbone devra être au cœur des discussions dans les jours à venir entre les acteurs des secteurs public et privé en République Démocratique du Congo (RDC).
BFA Global, FSD Africa And IUCN Launch a $1 million initiative powering ocean sustainability in Africa
Thiis initiative, made possible through funding from FSD Africa and the Canadian Government, builds on TECA’s (Triggering Exponential Climate Action) expertise in fostering blue innovation over the last year through a successful pilot wave supported by FSD Africa.
Africa calls for global action to combat climate change
African leaders challenged the global community to honor its commitments citing the Paris Summit for a New Global Financing Pact.
$1 billion to boost access to climate finance for Africa’s youths, African Development Bank announces
African Development Bank President Akinwumi Adesina has announced a new $1 billion facility to accelerate climate financing for Africa’s youth businesses.
Africa Climate Summit 2023 concluded with Nairobi Declaration
At the closing of Africa Climate Summit 2023, African leaders announced $23 billion Nairobi declaration target for green growth in Africa.
USAID announces $35 Million to support African Climate Leadership
The U.S. Agency for International Development announced a suite of investments and initiatives to support climate action in Africa as part of this week’s Africa Climate Summit in Nairobi, Kenya.
[Africa Climate Summit 2023] Catalyzing investments for sustainable Livestock Innovators
This is among the side events from the Africa Climate Summit in Nairobi organized by the International Livestock Research Institute to facilitate sustainable livestock solution pipeline development and relationship building with sustainable livestock investors.
Bezos Earth Fund announces $22.8 Million for locally led Restoration in Africa
Funding will enable locally led restoration of 600,000 hectares critical for climate and livelihoods.
[Column] Marlene Mutimawase: Promoting women's leadership for land restoration in Africa
African Union in partnership with the Government of Kenya and Africa Climate Summit brings together leaders from governments, businesses, international organizations, and civil society to showcase a diverse range of bold innovative climate actions taking place across Africa.
[Column] Anthony Mwangi: Kenya’s green manufacturing for a sustainable future
Over the last 18 years, KAM, in collaboration with the Ministry of Energy and Petroleum, has made tremendous efforts to promote energy efficiency in manufacturing.
New UK projects announced to fight climate change in Africa
hese projects will focus on mobilising finance for climate action and help people manage the impact of climate change across the continent.
One Campaign rallies African leaders towards a common goal on climate action
The One Campaign is urging all leaders to use this pivotal moment to unite around a shared pan-African agenda – one that brings justice and prosperity.
IFC invests $11.5 billion for Africa’s green transition and job creation
IFC made $11.5 billion in investments between July 1, 2022, and June 30, 2023, across 40 countries, the largest ever annual commitment for the continent.
DFC Political Risk Insurance to support a blue bond providing $500 Million for ocean conservation in Gabon
DFC announced $500 million in political risk insurance supporting a bond for marine conservation in Gabon (Gabon Blue Bond).
[Column] Jennifer Baarn: Collaboration in investment and innovation is key to accelerating climate action in Africa
For Africa, the narrative on climate action has mainly focused on the harsh effects of climate change on farming communities and economies.
United Kingdom Government reiterates commitment to Africa’s green industries
In line with the UK Government’s commitment to supporting clean, green and sustainable economic growth in Africa, UK Foreign Secretary James Cleverly visited a Nigerian e-mobility platform and electric vehicle assembler, MAX Nigeria.
[Africa-Russia Summit] Afreximbank reiterates prioritization of food security and advancing the AfCFTA
Afreximbank reiterates prioritization of food security, promoting trade & investment and advancing the African Continental Free Trade Agreement (AfCFTA) at 2nd Russia-Africa Economic & Humanitarian Forum
IFC and Absa partner to expand financing for Green Buildings in South Africa
To support the development of certified green buildings in South Africa, IFC announced a partnership with Absa Bank Limited to help the bank expand its residential and commercial loans and mortgage finance program for buildings that are environmentally responsible and resource efficient.
[RDC] PROPARCO et Equity BCDC renouvellent leur soutien aux PMEs
Equity BCDC et Proparco viennent de signer une garantie de portefeuille EURIZ pour un montant de 10 MEUR (libellée en USD) visant à soutenir les Petites et Moyennes Entreprises (PME) en République démocratique du Congo (RDC).
Rwanda to receive new financing to crowd in private investment and build climate resilience from IMF
Rwanda, Team Europe and partners pioneer an additional EUR 300 million financing to crowd in private investment and build climate resilience following Resilience and Sustainability Facility arrangement with the International Monetary Fund
Award scheme recognizes Kenyan entrepreneurs fighting marine plastics problems
The awards, which showcased the most effective solutions to tackle Mombasa’s marine plastics problem, were the culmination of a six-month initiative funded by USAID and Global Affairs Canada.
[Interview] Hontinfinde Jean: Co-Fondateur, CTO chez Arnio
Arnio est une nouvelle marque de classe mondial dans la conception et le développement de véhicule électrique en Afrique.
Proparco soutient GRAVITA, une société indienne de recyclage industriel
Proparco soutient GRAVITA, une société indienne de recyclage industriel pour ses activités au Ghana et au Sénégal.
Green technology fund raises Sh171 million from FSD Africa
Venture fund startup Africa Climate Ventures (ACV) has raised £1 million (Sh171.1 million) for investing in companies focused on environment-friendly projects in the continent.
Africa50 et BOAD s’associent pour développer et cofinancer des infrastructures vertes en Afrique
Le Directeur Général d’Africa50, Alain Ebobissé, et le Président de la Banque Ouest-Africaine de Développement, Serge Ekué, ont annoncé un partenariat visant à mobiliser les capitaux des investisseurs institutionnels pour les infrastructures africaines, et à identifier des projets à cofinancer.
AFC and Japan Bank for International Cooperation collaborate to accelerate energy transition in Africa
Africa Finance Corporation (AFC) and Japan Bank for International Cooperation (JBIC) have signed a Memorandum of Understanding (MOU) to collaborate on infrastructure projects that contribute to accelerating energy transition in Africa and promoting economic sustainability on the continent.
J. Huete international démarre un projet de production horticole sur 20 hectares au Sénégal
J. Huete Greenhouses dirige la construction d’un projet agricole multidisciplinaire de 20 hectares au Sénégal.
TDB to launch three new virtual deal rooms with Asoko Insight
TDB to accelerate the financing of infrastructure, health and climate action projects in Africa through three new virtual deal rooms with Asoko Insight.
FSD Africa, Swiss Re Foundation and National Bank of Rwanda to launch BimaLab Africa Acceleration Program
FSD Africa, Swiss Re Foundation and National Bank of Rwanda launch partnership to boost financial inclusion in nine African countries.
The African Green Bank initiative provides $1.6 million to support the Green Finance Facilities in Africa
The African Development Bank has launched the African Green Bank Initiative to tackle Africa’s key barriers to climate financing and promote resilient, green and sustainable growth.
Naspers, Takealot and Media24 join the South African Plastics Pact to reduce plastic waste across value chain
Naspers, and its subsidiary businesses, Takealot and Media24, have joined the South African Plastics Pact by creating a circular economy for plastics.
TDB and Finnfund working together for investment development in Africa
TDB Group has signed a Memorandum of Understanding with Finnfund, a Finnish development financier and impact investor, to promote investments that contribute to the UN Sustainable Development Goals in key projects in TDB member states.
Maltento to be financed by DEG to increase the production from organic waste
From DEG’s Up-Scaling program, the company got a co-financing of 788,000 USD, which allowed them to double their production capacity and add more growth chambers for the larvae.
Nigeria Sovereign Investment Authority and Vitol to launch CarbonVista
The Nigeria Sovereign Investment Authority and Vitol have completed a joint venture agreement to invest in a range of carbon avoidance and removals projects and are in the process of reaching a final investment decision on the first projects.
La BAD mène des consultations pour la mise en place de sa stratégie sur les mini-réseaux au Sahel
En marge du Forum d’investissement pour l’accès à l’énergie, tenu à Abidjan, la Banque africaine de développement a organisé sur deux jours des consultations avec les acteurs du secteur des mini-réseaux en Afrique.
FSD Inject Sh268bn in affordable housing and energy project
FSD has injected £1.9 billion (Sh268 billion) of long-term capital to SMEs, in the last 10 years towards affordable housing and sustainable energy projects.
Barry Callebaut et Nestlé s'associent pour un projet d'agroforesterie à grande échelle en Côte d'Ivoire
L'accord à long terme entre Barry Callebaut et Nestlé permettra de déployer 11 500 hectares d'agroforesterie, y compris des paiements pour services écosystémiques (PSE) à plus de 6 000 agriculteurs en Côte d'Ivoire.
British International Investment commits EUR 20 million to The Urban Resilience Fund
A minimum of 85 per cent of investments will support climate finance qualifying projects in African cities.
IFC partners with Bank One Ltd. to strengthen its climate resilience in sub-Saharan Africa
IFC and Bank One Limited signed a partnership to help the commercial bank better assess and mitigate climate-related financial risks across its business portfolio and strengthen its credit risk reporting practices.
RMB assists IPP Msenge with project finance debt funding
RMB helps curb the energy crisis with South Africa’s first utility-scale wheeled wind energy project
50M€ pour soutenir les PMEs exportatrices marocaine avec la Banque Centrale Populaire
50M€ pour soutenir les petites et moyennes entreprises exportatrices avec la Banque Centrale Populaire.
Africa receives investment boost to develop water infrastructure
Metito and British International Investment join forces to establish Africa Water Infrastructure Development (AWID) platform.
eco.business Fund receives $67 million from BMZ and KfW to support sustainable practices in sub-Saharan Africa and Latin America
The eco.business Fund has received investments for an aggregate amount of USD 67 million from its strategic partners, the German Federal Ministry of Economic Cooperation and Development (BMZ), acting through KfW Development Bank (KfW), and KfW on its own behalf.
EIB Climate Survey in Kenya
97% of Kenyan respondents say climate change is already affecting their everyday life.
Enquête de la BEI sur le climat en Côte d’Ivoire
91 % de la population ivoirienne interrogée estiment que les changements climatiques ont déjà des répercussions sur leur quotidien.
[East Africa Business Week] Bob Koigi: Investing in women-led businesses
Small and medium-sized enterprises (SMEs) account for an estimated 90% of all businesses in Africa and women own about a third of all registered African SMEs.
[Column] Edna Eason: Procurement is now pivotal to ensuring a sustainable future
ESG (environmental, social, and governance) metrics are gaining popularity as a barometer to hold companies accountable for their sustainability efforts.
[East Africa Business Week] Bob Koigi: Region’s startups are on an expansion binge
East African startups have been on an expansion drive, raising funding as they seek to tap into emerging opportunities in the region and across Africa while growing their portfolio.
[East Africa Business Week] Bob Koigi: Boosting diaspora remittances through regional collaboration
As the region bets on diaspora remittances to boost respective countries’ national purses and drive economic growth across East Africa, member states are looking at cementing regional partnerships.
[Nigeria Business Week] Andrea Ayemoba: Clean energy gets funding amid inflation and trade deficits
Oil and Gas has been a pillar supporting the Nigerian economy for a very long time. Rich in this natural resource, Nigeria may be guilty of neglecting other promising sectors, like Agriculture and even Insurance.
Is Africa ready for green growth? AfDB assesses some countries
A new report co-authored by the African Development Bank and the Global Green Growth Institute, has found evidence of growing political commitment to green growth in Africa.
Les citadins africains bénéficient d’une meilleure qualité de vie
Malgré leur croissance rapide, les grandes villes africaines ont assuré, au cours des trente dernières années, un meilleur accès aux services, aux emplois et aux infrastructures à des millions de citadins que les localités de petite taille.
[Column] Charity Migwi: Climate Action: Pending the 11th hour
As excessive floods, severe drought, and famine continue to be experienced in different parts of the world, global leaders remain largely unfazed as regards making ambitious climate targets.
[Column] Phyllis Wakiaga: Sustainable manufacturing key for environmental restoration
Sustainable Development Goals (SDGs).
Indeed, if the past year is anything to go by, the need to restore the planet has been underscored by the ensuing consequences of the COVID 19 pandemic.
[Column] Tsheko Ratsheko: Environmental stewardship and the mining sector – powering a greener future
Responsible environmental stewardship is about protecting and preserving natural resources for the greater good of all our stakeholders.
[Column] Phyllis Wakiaga: Building momentum to mitigate climate change
Global leaders, young people and even students are now talking about it. Companies on the other hand are thinking about how they can reduce their carbon footprint and their operations’ impact on the environment.
[Column] Joanne Yawitch: Climate change and sustainability: Demystifying the Just Transition
Beyond its environmental components, addressing climate change is about economic competitiveness and opportunity.
[Column] Quinton Swart: Why boxed water is better? Thinking inside of the box when it comes to packaging water
Packaged water in South Africa is a growing market, commonly bottled in polyethylene terephthalate (PET) plastic. While this material is recyclable, more than half of plastic waste is not recovered, most of it ending up in landfill or in waterways.
[Column] Titilayo Adewumi: Building greater sustainability, climate resilience in West Africa
Across Africa, urban centres are rapidly expanding as the continent’s large – and growing – youth population seek better fortunes in the city.
New economic analysis for Malawi calls for efficient public investment management to improve service delivery in water and energy
Malawi faces an infrastructure investment gap in the energy and water and sanitation sectors of approximately $332 million per year due to limited fiscal space combined with weak public investment management and inefficient State Owned Enterprises.
New analysis shows onshore wind potential across Africa enough to power the entire continent many times over
Developing Africa’s huge onshore wind energy potential can boost its transition to affordable and reliable clean energy. For the first time ever, wind and solar made up the majority of the world’s new power generation in 2019.
Tackling youth unemployment in Kenya through sustainable waste management
Abdul Said Konde is a youth resident in Tudor informal settlement in Mombasa County. Like thousands of other young people across the country, he is not formally employed and the Covid-19 pandemic has made it even harder to access manual jobs.
The investment case for energy transition in Africa
Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy.
[Column] NJ Ayuk: We must not jeopardize Africa’s future in the name of fighting climate change
Pressure is building to phase out fossil fuels in Africa to fight climate change.
[Startup Interview] Peter Anowie, CEO, Kolics Company, Ghana
Ghana-based startup Kolics Company Limited has been in the business of manufacturing ecofriendly footwear from recycled materials since 2017.
[Column] Phyllis Wakiaga: Incentivizing waste management is the way to go
The need to invest in new avenues of social income has become the driving force for new inventions in waste management.
[Column] Phyllis Wakiaga: Leveraging on youthful innovations to promote circular economy
Across the world, youth innovations are driving significant change.
[Interview] Samson Ogbole, Co-Founder, PS Nutraceuticals, Nigeria
Agriculture and technology working together create a environment condusive to efficiency, empowerment and health. This is the mandate at PS Nutraceuticals, co-founded by Samson Ogbole.
[Kenya Business Week] Flying into new opportunities
African countries have been pushing for an open skies agreement to make intra Africa trade and movement cheaper and faster.
[Kenya Business Week] Fertilizer shortage and the ripple effects
Mergers, expansions, partnerships, taxation controversy and delays at major installations have dominated Kenya’s headlines this week.
[Kenya Business Week] Championing electoral reforms with blockchain
Kenya’s public institutions have this week increased their investments in technology to improve service delivery and address some of the most pressing problems in a development that is receiving thumbs up from both local and international players.
[Kenya Business Week] Towards sustainable businesses, public private partnerships and courts to the rescue
Kenya’s business landscape has this week continued to register mixed fortunes with key sectors, including banking, agribusiness, horticulture and insurance featuring prominently.
Plastics innovation challenge targets startups with solutions to pollution
Nine Kenyan startups are competing for a share of more than £4.1 million in funding as part of a Sub-Saharan-African plastics innovation challenge.
Absa Bank signs USD 10 million financing deal with the eco.business Fund to support climate-smart agricultural practices in Kenya
Absa Bank Kenya PLC and the eco.business Fund, an impact fund, have announced a USD 10 million (KES1.26 billion) partnership for the bank to on-lend to domestic and export businesses participating in the country's agricultural value chains.
Financement de 242 millions d'euros en faveur de Sococim pour accroître la production de ciment bas carbone
IFC et Sococim nouent un partenariat historique pour accroître la production de ciment bas carbone au Sénégal.
McKinsey co-founds effort to transform agriculture and food systems in Africa
Co-founded by partners, AATI builds on McKinsey’s impact on agriculture and food systems across Africa, including work to increase food production that resulted in 11 million fewer undernourished people, 150,000 fewer deaths from hunger, and one hundred thousand new jobs.
Green Fund Rwanda launched Intego to support the country’s Rwanda's climate action journey
Green Fund Rwanda launched Intego - Rwanda's NDC Facility that will support the country Rwanda's climate action journey by availing funding to public institutions.
FinDev Canada engage jusqu’à 30 millions de dollars US pour soutenir les entreprises en Afrique subsaharienne
FinDev Canada engage jusqu’à 30 millions de dollars US en faveur d’Adenia Capital (V) Limited pour soutenir les entreprises en Afrique subsaharienne
FinDev Canada invests US$55 million to help smallholder African farmers access global markets
FinDev Canada is providing a five-year fully amortized term loan of up to US$55 million to ETG (the Group), an agribusiness that plays a key role in increasing the availability of food staples globally by connecting smallholder African farmers to international markets.
Aspiration partners with Trees for the Future to promote sustainable agriculture in Kenya
Aspiration, a high-impact climate finance company, has announced a $21 million investment in carbon projects through Trees for the Future (TREES), a non-profit organization training farmers in sustainable agroforestry practices across sub-Saharan Africa.
Satgana's investment into Yeasty's €1.4m Pre-Seed round, alongside Asterion Ventures and Caméléon Invest
Food-tech startup, Yeasty has raised €1.4 million for its circular approach to alt-protein which uses leftover brewer’s yeast.
Kenyan innovators set to tackle marine plastic pollution
60 innovators from Kenya have been selected by The Mombasa Plastics Prize to tackle marine plastic pollution along the coastline of Mombasa County.
7 African Startups to receive $385k in developing solutions for blue economy
Climate resilience venture launcher Triggering Exponential Climate Action (TECA) has announced the selection of seven startups to each receive $55,000 in funding to advance their solutions for the blue economy in Africa.
Une subvention de la SEFA pour favoriser le passage à la mobilité électrique en Afrique
Le Fonds pour l'Energie Durable en Afrique (SEFA) du Groupe de la Banque Africaine de Développement fournira une subvention d'assistance technique de 1 million de dollars à la Facilité pour la Mobilité Verte en Afrique (FMV).
Africa Climate Change Fund to Receive €3 million as initial Fund
Ireland and Austria have joined the African Development Bank’s Africa Climate Change Fund (ACCF) with contributions of €2 million and €1 million, respectively, to support the Fund’s work.
AfGS to Partner with Bechtel and ETG in Zambia
AfricaGlobal Schaffer, along with Bechtel Corporation and Export Trading Group’s Empowering Farmers Foundation, is excited to partner with USAID and their private sector matching parties to increase food security in Zambia.
[Column] Fran Troskie: Making ESG palatable and accessible
We’ve seen climate activists chaining themselves to the goalposts or taking to the pitch to disrupt major football fixtures in the English Premier League, throwing soup at Van Gogh’s “Sunflowers”.
Nigel Topping joins FSD Africa as Senior Climate Adviser
FSD Africa announced that Nigel Topping will be joining the organisation as a senior climate advisor to strengthen its offering in developing innovative approaches to addressing the impact of climate change in Africa.
Husk becomes first profitable minigrid company in Africa and Asia
Owner of the largest fleet of community solar minigrids with 150 in operation, Husk was EBITDA positive in its primary markets of Nigeria and India in Q4 2022.
Heifer International selects ThriveAgric, DigiCow and Brastorne as winners of the 2022 AYuTe Africa Challenge
Showcasing Young Tech Talent Delivering for African Farmers, Heifer International selects ThriveAgric, DigiCow and Brastorne as winners of the 2022 AYuTe Africa Challenge
Ghana begins receiving payments for reducing carbon emissions in forest landscapes
Ghana has become the second country in Africa after Mozambique to receive payments from a World Bank trust fund for reducing emissions from deforestation and forest degradation, commonly known as REDD+.
Accord FONSIS et GGGI pour accroitre l’Investissement et l’accès à la Finance climatique au Sénégal
Le Fonds Souverain d’Investissements Stratégiques (FONSIS) et l'institut Mondial pour la croissance verte (GGGI) ont conclu un Protocole d’accord autour d’un programme d’entreprenariat vert « accroitre l’investissement et l’accès à la finance climatique au Sénégal ».
Sasol and Sonatrach present the Hybla Project for the production of hydrogen and low carbon syngas
Sasol the South African Company partnered with Algerian, Sonatrach for the production of hydrogen and low carbon syngas in Italy.
The Water Project deepens its commitment to clean water in Vihiga county, Kenya
On January 20th, the County of Vihiga in Western Kenya signed a Memorandum of Understanding with The Water Project, a U.S.-based NGO building sustainable water projects to bring clean, safe, and reliable water to the communities of Vihiga County.
COLUMNS.
[Column] Ruth Njihia: Unleash your business potential with Google Cloud and Incentro Africa
In today's fast-paced world, data is the currency of success. Yet, many businesses across Africa face the daunting challenge of collecting, storing, analyzing, and visualizing their data effectively ...read full column here
[Column] Sandi de Souza: Why top-performing companies use AI to boost procurement
One Deloitte study found that high-performing procurement organisations are eighteen times more likely to have deployed AI capabilities than their lower-performing peers ...read full column here
[Column] Patrick Mweheire: Major investment drive sparks East African trade and development
East Africa is poised to unlock new pathways for trade, development and growth. This comes as businesses, regulators and banks find and drive new direct investment ...read full column here
INTERVIEWS.
[Interview] Vince Goncalves Regional Vice President Africa at ExecuJet MRO Services
ExecuJet MRO Services (ExecuJet) is a leading global multi-OEM MRO company with a strong presence around the world … read full interview here
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
n this interview, she discusses the outlook for the business environment, upcoming services, sustainability efforts, and more… read full interview here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose … read full interview here